Keyword: manipulation
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WASHINGTON, March 26 (Reuters) - Some 37 energy companies and municipal utilities that engaged in questionable trading strategies with Enron Corp. (ENRNQ) should show why they do not need to turn over their unjust profits, federal investigators said on Wednesday.Federal Energy Regulatory Commission (FERC) commissioners made public a several-hundred page report prepared by agency lawyers and investigators that called for 37 companies to prove that they did not manipulate Western U.S. markets during the California energy crisis of 2000-01."The evidence indicates that Enron, on its own, could not have implemented its trading strategies. It was only with the willing cooperation...
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WASHINGTON - Federal energy regulators said Wednesday that their investigation found widespread manipulation of natural gas and electricity prices and supplies in California. Pat Wood, chairman of the Federal Energy Regulatory Commission (news - web sites), said that as a result of the manipulation California would receive more than the $1.8 billion in refunds recommended by a FERC judge in December. The exact amount is to be determined in the coming months. The FERC singled out seven subsidiaries of bankrupt Enron Corp. and five other companies for taking advantage of a dysfunctional market and reaping millions of dollars in unjust...
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"How can Bush claim to care so much about human rights in Iraq while embedding himself in Saudi Arabia and Kuwait?" Lindsay said during a recent antiwar rally in Washington. "Will America forget about nation building in Iraq -- the same way America forgot about nation building in Afghanistan -- as soon as the Iraqi oil wells are secured?"
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Speculation Rises on Greenspan's FutureWASHINGTON - His pointed criticism of the Bush tax plan showed that Alan Greenspan (news - web sites), often taken to task for being too murky in his economic pronouncements, can be crystal clear when he wants to be The Federal Reserve (news - web sites) chairman warned that further tax cuts should be paid for, leading Democrats to proclaim that Greenspan had delivered the "kiss of death" for President Bush (news - web sites)'s $1.3 trillion proposal. GOP lawmakers fumed. Greenspan, himself a Republican, had stabbed them in the back, they said. The White House...
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Politics - U. S. Congress Senate OKs $390 Billion Spending Bill 17 minutes ago Add Politics - U. S. Congress to My Yahoo! WASHINGTON - The Senate approved a massive $390 billion measure Thursday financing most federal agencies, blessing the long-delayed last chunk of this year's budget that stalled last fall in an election-season standoff with President Bush (news - web sites) over spending. The bill's 69-29 passage ended the first prolonged battle this year in the new Senate. The winners were the chamber's majority Republicans, who battled — and sometimes used budget sleight of hand — to keep...
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NEW YORK (CBS.MW) -- Richard Russell has finally, indisputably, said it: the gold market is being manipulated. The septuagenarian technician, who has been publishing Dow Theory Letters for more than 40 years, has had a great year. See my July 15 column. He's even caught the recent stock market rebound. See my Oct. 14. But he thinks it's a bear market rally -- and was beginning to worry about it this weekend. (Of course, he worries a lot). Long-time Russellologists have been sensing for some time that their oracle was getting interested in the widely rumored gold manipulation hypothesis most...
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Saturday, August 10, 2002 -- The PBS tribute to the police and fire fighters of September 11 is what set me off. It was just a notice between programs. But, I had been waiting for something to light the fuse ever since a local [Oregon] station official came on the screen and asked me to write them a letter about how Oregon Public Broadcasting has changed my life. He expects the letters to be about how much more wonderful life is for everybody now that public broadcasting's army of lefties is distorting history, generating racial divisiveness, mis-reporting the news, demeaning...
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Approximately 95% of the Canadian media is owned by Liberal suporters. Therefore Canadians are fed a daily dose of Liberal philosophy. And they are not told about anything that could be embarassing to the Liberals. The Liberals in power in Ottawa benefit from this arrangement therefore they are reluctant to change it.
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THE GREAT DEPRESSION The Coming Economic Earthquake By Larry Burkett Moody Press - Chicago - 1991 Chapter 2, pages 19-29 The following is a narrated description of the events that took place the week of October 24-30, 1929. The narration is my creation; the events are historical fact.Due to one of those quirks of fate, the president of the New York Stock Exchange, Edward Simmons, was in Hawaii on his honeymoon the last week of October 1929. His vice president, Richard Whitney, was in charge. Whitney had a long history as a habitual gambler and was deeply indebted to the...
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Market's late rebound may revive manipulation rumors July 16, 2002 Yesterday's late-hour market snapback is certain to rekindle rumors that the major stock market indexes are manipulated at crucial times – possibly with the Treasury or Federal Reserve as a conspirator. Whether those rumors are true or not – and I believe they probably are – there is no question that yesterday's late recovery did not involve small investors: It was an institutional phenomenon. The reason that questions will be asked is that market breadth was much worse than the performance of the indexes. For example, on the New York...
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<p>The Los Angeles Department of Water and Power may have engaged in Enron-style trading schemes when it sold power to the state during the energy crisis, a state Senate hearing revealed Thursday.</p>
<p>Based on transcripts of telephone conversations between energy traders and a Nov. 12, 2000, e-mail message from Pacific Gas and Electric Co.'s trading arm, Los Angeles' municipal utility engaged in a trading practice referred to as a "ricochet" -- a practice it had previously denied using.</p>
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June 12, 2002, 3:00 A.M. PDT, homosexuals perceive unfair criticism emanating from press coverage of the Catholic sex scandal. (Here's a news item from this morning's Drudge Report.)Church calls acts 'disordered,' gays feel 'blamed'DALLAS Parked just outside the youth center of the Cathedral of Hope, the nation's largest gay church is a white RV emblazoned with the legend "Jesus is Lord of all." For gay and lesbian Catholics, that simple statement is at the heart of the sexual abuse crisis in the church. Many are convinced that a witch hunt is underway that gays are being blamed for the continuing...
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LOS ANGELES (CBS.MW) -- Two days of rolling blackouts in June 2000 that marked the beginning of California's energy crisis were directly caused by manipulative energy trading, according to a dozen former traders for Enron and its rivals. FRONT PAGE NEWS Dell tops targets, sees more growth Dell sneaks ahead as techs stall Dow holds gains; Nasdaq makes it four in a row Enron caused California blackouts, traders say Sign up to receive FREE e-newsletters: Get the latest news24 hours a day from our 100-person news team. The blackouts left more than 100,000 businesses and residential customers in...
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WASHINGTON – Federal regulators broadened their investigation of alleged manipulation of California power prices yesterday, saying they would seek information from other companies about questionable electricity trading practices revealed in memos from Enron Corp. The December 2000 documents discussed strategies that Enron traders used to inflate prices in California and indicated other companies were engaged in similar practices. "All sellers are hereby put on notice that they must preserve all material that discusses such trading strategies, or similar trading strategies, including documents to which a claim of privilege may attach," Donald J. Gelinas, an official with the Federal Energy Regulatory...
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HIV Statistical Analysis How the San Francisco Department of Public Health turns a 30% decline in HIV infections among gay men into a two-fold increase. by Dr. David Rasnick I have examined a relatively minor study from the San Francisco Department of Public Health, which was carried out in collaboration with the UCSF AIDS Health Project and the Stop AIDS Project (1), to see if one of its conclusions is consistent with the evidence contained in the Department's own statistics. The March 2002 study states that the fraction of gay men who have antibodies to HIV doubled since 1996 (from...
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For Immediate Release Office of the Press Secretary April 2, 2002 President Announces Early Childhood Initiative Presidential Action President Bush today announced a new initiative to improve early childhood education for millions of America's youngest children. The President's initiative will: Strengthen Head Start to improve the quality of experiences for young children, including training the nearly 50,000 Head Start teachers in the latest and best techniques; Ensure that pre-school programs are more closely coordinated with state K-12 education goals; and Improve the information available to parents and caregivers about the best practices in early childhood development, including an unprecedented...
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